The spring market has definitely arrived. The snow is gone, the weather is improving and more and more sellers are preparing their homes for sale. There are 94 single-family homes available for sale (according to Garden State MLS), up from 74 active listings in January. In fact, nearly half (43 percent) of these listings came to market just this month, and over half (57 percent) are priced over a million dollars in a range of $209,000 to $9,995,000. Throughout the month of February, there were 13 single family homes that sold ranging in price from $215,000 to $2,625,000. In addition, there …

The incredible amount of snow this winter has not put a damper on activity in the Millburn-Short Hills real estate market. There are currently 78 homes actively listed for sale, according to Garden State MLS, and 16 of them just came on the market since the beginning of January. Last year in January, there were four new homes added to the “active” roster. This is a strong indication that sellers are regaining a confidence in the marketplace after having waited out the recent downturn. Home values have inched up year-over-year and there is hope 2011 will continue the trend. Buyers are still …

Last year proved to be a stronger year for Millburn-Short Hills real estate than the year prior. Interest rates continue to be low, and buyers have a pent-up demand for property. Sellers have also begun to realize that the market is settling back into what may be the "new norm." The following is an MLS comparison of the last 12 months (December 2009 through November 2010; full December 2010 data is not available as of this writing), compared to the same 12 month period of the year prior: This year Last year Year-to-Year Change Active Listings 509 334 +52 percent New Listings 404 413 -2 …

Thanksgiving is behind us, and Christmas and New Year's are ahead of us. This is usually the time of year when no one thinks about buying or selling a house, but times have changed. In Millburn-Short Hills there are currently 91 homes on the market, according to Garden State MLS. This is down slightly from October, where there were 103 active listings. Low interest rates, however, are still driving activity in the marketplace. Sellers recognize this demand and are not waiting for the "spring market" to list their homes. In November 22 new houses were listed for sale. This compares to only two…

It's Halloween weekend, but that is not putting a damper on Millburn-Short Hills real estate. Buyers are still actively looking as interest rates continue to be low. Sellers are also being aggressive with at least 14 advertised open houses around town. According to Garden State MLS, there are 103 active properties on the market in Millburn-Short Hills. This is down from 166 just last month, which is typical this time of year. However, the season is not over with 19 additional homes listed just during the month of October. As of Oct. 28, 35 homes were under contract to close (19 just in the …

As is typical, homes sales began to slow as school opened. There is, however, still an optimistic amount of transactions happening in the Millburn-Short Hills community. Throughout September, 15 homes sold, and, once again, the majority of them were sold for over a million dollars. There also are 29 additional homes under contract and waiting to close, of which 10 of them went into that status since September 1. Of those 29 preparing to close, another six are in the $1 million+ price range. According to Garden State MLS, there are 166 active properties (37 of them have been newly listed in …

August is usually a month where the real estate market starts to slow down, but it has been very active in Millburn-Short Hills. According to Garden State MLS, 25 homes were sold—15 of which were priced over $1 million. An additional 17 houses were put under contract during the month with asking prices between $500,000 and $1.5 million. Also, 19 more houses were added to the roster, with new listings ranging between $525,000 and $4.1 million. Overall, the houses that sold were on the market an average of 56 days, but the million dollar plus homes were put under contract faster at an average …

The second half of July continued to be an active one for home sales in the Millburn-Short Hills community. Sixteen homes were sold, with ten of them at a price point of over a million dollars. On average they were on the market for only 60 days. According to Garden State MLS, there are 117 additional homes on the market, of which 11 came onto the market just since July 15.  Of those 11, six are priced over $850,000 and three are over $1 million. Home Sales in Millburn-Short Hills (July 15-29): 10 Rosedale Ave. – Colonial – 4 Bed/2.5 Bath - $562,500 83 Myrtle Ave. – Cape Cod – 3 Bed/2 Bath…

Millburn-Short Hills saw an incredible 43 homes change hands over the last 30 days. They ranged in price from $436,000 to a high of $3.6 million. And, according to Garden State MLS, there are 56 more homes currently under contract. Until the deadline was extended, homebuyers had to close by June 30 to take advantage of the recent tax credit. It caused the large amount of activity over the past few weeks. There are 125 additional homes active on the market for sale. Sellers, who have been holding back over recent months (and years), are starting to realize the marketplace is in a correction …